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Jun 21, 2013
06/13
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KNTV
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coming up, wall street takes a tumble as investors worry about the future of the economy. we are watching your money next. >>> also, rescue crews combing through the rubble of a collapsed building in india. we'll tell you about the desperate search for survivors. >>> the incredible video of a toddler falling from a building in china. . >>> how happy are you that it's friday? >> beyond words. >> we give you a live look outside at the bay bridge. a little red hue to this shot here. a super moon outside. you have to take a look. it looks like a giant egg in the sky. it's 4:43. >>> always nights to be at the end of the week. brace yourselves it could be a freakyriday on wall street. no doubt about it this one has been a very rough one for the markets, thursday the worst day so far as investors continue to be anxious about the looming end of the fed's stimulus program. that begs the question, what does this all mean for your money. kayla taush she is live at cnbc headquarters with a look at the market performance along with the impact possibly on your wallet. kayla, good mornin
coming up, wall street takes a tumble as investors worry about the future of the economy. we are watching your money next. >>> also, rescue crews combing through the rubble of a collapsed building in india. we'll tell you about the desperate search for survivors. >>> the incredible video of a toddler falling from a building in china. . >>> how happy are you that it's friday? >> beyond words. >> we give you a live look outside at the bay bridge. a little...
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Jun 16, 2013
06/13
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LINKTV
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. >> issues at the forefront of people's minds are economy and unemployment. iran has a young population that is highly educated, but many are struggling to find jobs. >> hassan rouhani is not new to politics and is an outspoken critic of ahmadinejad. his election in 2005 he resigned from his post. >> i expect him to at least record -- restore the economic situation to what it was eight years ago. i live in my country and i expect to live in my country comfortably. >> i wanted economy to be fixed. that is one of the most important problems. i used to be a shopkeeper, but i quit. is note hassan rouhani the -- >> if we want to choose a way to develop a country and ensure the welfare of the people and establish peace and stability, there is no better way than enforcing the law and remaining committed to the law. >> hassan rouhani is a longtime friend of the man who holds the real power in iran, the supreme leader. while he says he wants to reach out by getting away from extremism in foreign-policy, he has almost -- also promised there will be no surrender to west
. >> issues at the forefront of people's minds are economy and unemployment. iran has a young population that is highly educated, but many are struggling to find jobs. >> hassan rouhani is not new to politics and is an outspoken critic of ahmadinejad. his election in 2005 he resigned from his post. >> i expect him to at least record -- restore the economic situation to what it was eight years ago. i live in my country and i expect to live in my country comfortably. >> i...
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Jun 20, 2013
06/13
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FOXNEWSW
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>> you are asking the question, can the economy stand on its own without ben? that remains to be seen. the dow jones average is going to open 120 points lower, and that will be in 15 minutes. it dropped 200 yesterday. interest rates are going straight up. a quarter point higher on basic interest rate. that doesn't sound like much. but in the financial world that is huge. and the price of gold is flat out falling out of bed it's down $80 an ounce. martha: gold has had a huge run. bill: tea party supporters hitting back at washington. >> anybody want to fire some irs agents? bill: that 15 minutes senator rand paul. he wants people fired. we'll ask him who's talking about when we talk to him live this hour. martha: is an nfl start focus of a murder investigation? he has been accused of another act of violence. bill: two men who investigated twa flight 800 ... >> i saw what appeared to be keep in fireworks. >> i noticed a streak of light go up in the sky. >> there was something going up in the sky. >> this rocket weren't up in the air. >> i saw this white light. >>
>> you are asking the question, can the economy stand on its own without ben? that remains to be seen. the dow jones average is going to open 120 points lower, and that will be in 15 minutes. it dropped 200 yesterday. interest rates are going straight up. a quarter point higher on basic interest rate. that doesn't sound like much. but in the financial world that is huge. and the price of gold is flat out falling out of bed it's down $80 an ounce. martha: gold has had a huge run. bill: tea...
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Jun 21, 2013
06/13
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MSNBCW
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what is the political economy that makes that happen? >> people are not asking for casinos, but they are asking for better schools, new roads, they are asking for tuition assistance and stuff that costs money. they are also saying don't you raise my taxes by one penny or we'll throw you out of office. they say, okay, we'll just do a selective, very regressive tax on a handful of mostly desperate people and we'll just sort of take the money out of them and we have the help of an industry that will make it seem glamorous like it's a dream world. what happens in vegas stays there. you can do all kinds of fun stuff. >> one of the pioneers of this was in the american indian foxwood casinos in connecticut. built on tribal land. it was a little different than putting one in queens. but that produced just a tremendous amount of revenue. that was real money that flowed into the state that really did pay for a lot of stuff. >> but connecticut is one of the worst managed states. they are bordering on bankruptcy in connecticut. it goes back to a fai
what is the political economy that makes that happen? >> people are not asking for casinos, but they are asking for better schools, new roads, they are asking for tuition assistance and stuff that costs money. they are also saying don't you raise my taxes by one penny or we'll throw you out of office. they say, okay, we'll just do a selective, very regressive tax on a handful of mostly desperate people and we'll just sort of take the money out of them and we have the help of an industry...
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Jun 15, 2013
06/13
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CSPAN2
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the children the market has continued to grow and through the downturn economy it was really the green spot, the nice spot in bookselling and it is still moving. it is slow and reluctant and moving to digital and with a common core and stem moving into this there's a huge opportunity for trade booksellers to move into this. any thoughts on how we can continue to grow that part of the business? >> children's books now seemed to run a nation 25 to 26 months. for the reader of children's books, for us at least we look at what is a little different in that those are especially -- those behave more and more like a notebook on the electronics side. very young books, it is interesting. the ability of devices, the ability to do it quickly and efficiently in a way that would suggest you do it on every book is getting better and better. it is getting there. i may be a bit old-fashioned but there's something pretty magical about having that kid sit on your lap and read them the book, that is a different experience, and you know giving a kid access and access code to a book based apps for christma
the children the market has continued to grow and through the downturn economy it was really the green spot, the nice spot in bookselling and it is still moving. it is slow and reluctant and moving to digital and with a common core and stem moving into this there's a huge opportunity for trade booksellers to move into this. any thoughts on how we can continue to grow that part of the business? >> children's books now seemed to run a nation 25 to 26 months. for the reader of children's...
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Jun 20, 2013
06/13
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CNNW
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the economy has been just full every month. $85 billion a month the fed has been pumping into the economy. the fed chief yesterday said, you know, eventually things will be good enough in the job market, et cetera, they'll be able to pull that back, and just that consideration have really spooked global markets. i want to give you a snapshot of how everything around the world is moving. you can see gold prices tumbling here today at a two and a half year low, down to 5%. oil prices are falling below $96 a barrel. the ten-year yield, interest rates are rising right now, and the overseas markets, down 1 to 3%. all but about 100 stocks are lower in the u.s. it has been a widespread reaction basically until the markets get used to the fact that the fed won't be in there forever. there are also jobless claims showing a little higher, showing not as much strength in the jobs market as you would like. that spooked people a little bit. nervous investors. also, this, carol, is the end of the quarter. it's coming up here on the end of the first half of the year, so you've got fund managers saying,
the economy has been just full every month. $85 billion a month the fed has been pumping into the economy. the fed chief yesterday said, you know, eventually things will be good enough in the job market, et cetera, they'll be able to pull that back, and just that consideration have really spooked global markets. i want to give you a snapshot of how everything around the world is moving. you can see gold prices tumbling here today at a two and a half year low, down to 5%. oil prices are falling...
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Jun 23, 2013
06/13
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FOXNEWSW
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their role in the economy. they just punted by and large. >> let's pick up on that because as julie said, there's the argument in its own way that bernanke statement is good news, inflation is low, it may be tepid, but growth is continuing and it shows the economy is recovering. >> but worry for someone like bernanke, when interest rates are this level and this much stimulus in the economy from that, and the economy strengthens to the point we have reasonably robust growth, you're right on the danger point for outbreak of inflation. that's what a fed chief has to be concerned about. the thing chiefs often have to do is raise rates in a way it doesn't blow up the force of whatever recovery is going on, but in time to prevent inflation. once the inflation jeannie is out of the bottle, it is hard to put it back in. last big experience we had with that was with near hyperinflation in the late 1970s, and massive recession was in duesed when paul volcker clamped down on that, raised interest rates to the point we wen
their role in the economy. they just punted by and large. >> let's pick up on that because as julie said, there's the argument in its own way that bernanke statement is good news, inflation is low, it may be tepid, but growth is continuing and it shows the economy is recovering. >> but worry for someone like bernanke, when interest rates are this level and this much stimulus in the economy from that, and the economy strengthens to the point we have reasonably robust growth, you're...
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Jun 17, 2013
06/13
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KCSM
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. >> a sog you're to have a rational and positive immigration program will choke this economy. it's not a good idea. >> it will be good for every worker here. every day we wait is a day we've lost. >> how about that? youhen the is the last time saw those two on the same page? >> i think it was the united way mable for the nationals redskins parade and that's it. >> quite bluntly to put it in political terms. the senator from arizona says this makes it difficult for republicans to compete nationwide and state by state. it's tough to compete for people's votes on any issue when they believe you don't like them and that's where the republicans are right now. and john boehner has a real problem because you saw what they did last week. with steve cain in the lead from iowa they repealed the dream act which is enormously popular and hurt republicans in the 2012 election and i don't think it argues well for the immigration in the house. >> you don't think this thing is going to make it? >> right now i think what boehner wants to do is get the house judiciary committee to break it up b
. >> a sog you're to have a rational and positive immigration program will choke this economy. it's not a good idea. >> it will be good for every worker here. every day we wait is a day we've lost. >> how about that? youhen the is the last time saw those two on the same page? >> i think it was the united way mable for the nationals redskins parade and that's it. >> quite bluntly to put it in political terms. the senator from arizona says this makes it difficult for...
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Jun 20, 2013
06/13
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, and what he said yesterday, perhaps what he didn't say, is that when the economy improves they'll be stepping away from that program. what we're seeing today is when you go off drugs, withdrawal is hard and these are the first stages of withdrawal. but they're not off the drugs completely and they won't be for a while. the other fear, tamron, is where is ben bernanke going and who will be his successor? everyone is expecting he will be stepping down in january. there's been so much money involved. how will it look when the government starts to unwind from its position in the u.s. markets and who will be the person that will be doing that? there are a lot of questions right now. >> it looks like the dow is on its way to having its worst day since april 15th. thank you, kayla. >>> dramatic day in boston where helicopters have been following nfl star aaron hernandez' every move. he's been questioned in connection with a homicide. police have not made him a suspect, we want to stress that, and no arrests have been made right now. the new england patriots' tight end spent part of the day
, and what he said yesterday, perhaps what he didn't say, is that when the economy improves they'll be stepping away from that program. what we're seeing today is when you go off drugs, withdrawal is hard and these are the first stages of withdrawal. but they're not off the drugs completely and they won't be for a while. the other fear, tamron, is where is ben bernanke going and who will be his successor? everyone is expecting he will be stepping down in january. there's been so much money...
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Jun 19, 2013
06/13
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FOXNEWSW
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if the economy continues to improve. peter barnes with the news live in washington. that's a stupid reaction, peter. >> well, shep, the feds said that it could be getting ready to scale back the easy money policies that wall street really likes. it's been using them for the last five years to help keep the economic recovery going after the great recession. and for starters, it said it could slow its controversial 2.5 trillion-dollar bond buying program known as quantitative easing. basically printing new money. qe has helped keep interest rates low foruto loans business ratings. the feds said it could start buying fewer bonds if the economy gets better and that unemployment rate keeps falling and then maybe it could stop qe all together next year if the rate gets close to 7%. >> the 7, 6.5, these are guide posts that tell you how we are going to be shifting the mix of our tools as we try to land is ship on a, you know, on a smooth -- in a smooth way into the -- unto the aircraft carrier. >> so just the idea that easy money could be ending soon, spooked investigators
if the economy continues to improve. peter barnes with the news live in washington. that's a stupid reaction, peter. >> well, shep, the feds said that it could be getting ready to scale back the easy money policies that wall street really likes. it's been using them for the last five years to help keep the economic recovery going after the great recession. and for starters, it said it could slow its controversial 2.5 trillion-dollar bond buying program known as quantitative easing....
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Jun 21, 2013
06/13
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CNNW
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look, i'm still pretty bullish on the economy as christine knows. the thing that is really interesting about this, carol. the fed and ben bernanke did not announce the other day that they were taking the punch bowl away. they were saying, right, christine, they might take it away some time in the future and just that, so, you know, cause so much nervousness on wall street that you saw this big, this big selloff. i don't expect the selloff to continue. i think this was just a little bit, a temper tantrum because they were -- >> a taper tantrum. >> a taper tantrum. >> absolutely. >> ben bernanke, so interesting, ben bernanke basically said we'll go on a diet some time next year and that's what got everybody so worried about a diet that hasn't started yet. just the fact that he was so clear about going on a diet is why every aen with is concerned. >> taper means the economy is improving. wall street is just kind of jittery because they're not going to be propped up any more. it's not going to hurt them in the long run if the economy is improving. >> bu
look, i'm still pretty bullish on the economy as christine knows. the thing that is really interesting about this, carol. the fed and ben bernanke did not announce the other day that they were taking the punch bowl away. they were saying, right, christine, they might take it away some time in the future and just that, so, you know, cause so much nervousness on wall street that you saw this big, this big selloff. i don't expect the selloff to continue. i think this was just a little bit, a...
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Jun 20, 2013
06/13
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KGO
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comments from ben bernanke about scaling back stimulus efforts on signs of a strengthening economy. what's behind that move to higher interest rates and rising interest rates from the head of wells fargo telling cnbc that it's okay if rates rise as long as it happens because of improvement in the economy. that could hurt the housing market. no sign that's happening yet. home prices may were up 5.5% from a year ago with some of the biggest price increases in san francisco and san jose. now, we did get a report on may home sales from the national association of realtors here in a few minutes. we're seeing stocks down this morning. so we are extending those losses that we saw yesterday with the dow at the moment down 135 points and the bloomberg silicon valley index also trading lower. live at the new york stock exchange, i'm jane king, bloomberg news. >> 6:49. all right. i've been complaining a little bit. i don't want to. having to take benadryl and allergies. >> with warmer weather it's going to bring it in full steam. >> misery loves company. i don't want anyone else to suffer. >>
comments from ben bernanke about scaling back stimulus efforts on signs of a strengthening economy. what's behind that move to higher interest rates and rising interest rates from the head of wells fargo telling cnbc that it's okay if rates rise as long as it happens because of improvement in the economy. that could hurt the housing market. no sign that's happening yet. home prices may were up 5.5% from a year ago with some of the biggest price increases in san francisco and san jose. now, we...
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Jun 15, 2013
06/13
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CNBC
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have you looked around at the world's other economies? we're doing better than everyone else on the globe, in part because our chief executive officers have done an excellent job in a global slowdown, but also because of exactly what bernanke's doing. this bond program has probably allowed you and other americans refi their home and companies fix their balance sheets, which is why we're not in the shape of china or brazil or india. can you imagine we're doing better than all of those places? tuesday we have a slew of japanese industrial production reports. we've got machine tools. we've got merchandise trade deficits. now, for years, i couldn't care less about this stuff. i could care less. i mean, really, like japan. it stopped meaning anything for a decade. these days, market players are drawn to japan because the government has a policy of driving its own currently down to build exports. if the data is positive here, japan's stock market will rocket. and if it doesn't and the government has nothing to say about it, like 6% declines lik
have you looked around at the world's other economies? we're doing better than everyone else on the globe, in part because our chief executive officers have done an excellent job in a global slowdown, but also because of exactly what bernanke's doing. this bond program has probably allowed you and other americans refi their home and companies fix their balance sheets, which is why we're not in the shape of china or brazil or india. can you imagine we're doing better than all of those places?...
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Jun 23, 2013
06/13
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KTVU
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the economy is not improving significantly. you have conversations in the fed and wall street it is a disconnect. >> if the fed raises interest rates that can effect the mortgage rates and all kinds of things. it raises the question whether or not it was a mistake for the fed to be attached. did the economy and all of us become addicted to easy money? >> i think so. i e-mailed four different economists and financial types. took the words out of my mouth. i think, yes, there was a reasonable reason for an emergency intervention in 2008. keeping zero interest rate going for five years is asking for trouble down the roads. i'm afraid at some point we'll pay the price. i think the zero interest rate regime was good for wall street, big banks and big government which can borrow cheap. if interest rates were higher we would see an impact on the deficit. it's bad for small savers. it's been bad for small business actually. community banks don't benefit from this regime. i think the bernanke policies are part of an overall set of polic
the economy is not improving significantly. you have conversations in the fed and wall street it is a disconnect. >> if the fed raises interest rates that can effect the mortgage rates and all kinds of things. it raises the question whether or not it was a mistake for the fed to be attached. did the economy and all of us become addicted to easy money? >> i think so. i e-mailed four different economists and financial types. took the words out of my mouth. i think, yes, there was a...
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Jun 23, 2013
06/13
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FOXNEWSW
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it is good for our economy. this bill is good for our national securitiment no one can get a green card until the board of security measures are up and running and e verify is up and running and controlling a job in the -- in america. as to the 11 million they will have an earned, hard pathway to citizenship. they need to get in the back of te line before they become a citizen. they can't cut in line. they have to pass two english proficiency exams. i reject the idea of becoming mideastern europe. america is different than mideastern europe. this is a good solution for our national security and for our economy and tough, practical solution to 11 million. and most importantly if we do this bill, amnesty is the status quo. if we do this bill, there will be no third wave of illegal immigration. >> let me ask you about another objection senator lee just mentioned. the idea that this will be a huge 1200-page bill. i heard you complain about that during obamacare. the idea you have this huge bill that nobody has read
it is good for our economy. this bill is good for our national securitiment no one can get a green card until the board of security measures are up and running and e verify is up and running and controlling a job in the -- in america. as to the 11 million they will have an earned, hard pathway to citizenship. they need to get in the back of te line before they become a citizen. they can't cut in line. they have to pass two english proficiency exams. i reject the idea of becoming mideastern...
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Jun 20, 2013
06/13
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KNTV
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stock market isn't the economy. the economy is not the stock market. mortgage price is an issue. bond sales are falling. that pushes interest rates up, john and laura. you'll pay about $200 more a month now on a $600,000 house than a couple months ago because interest rates have been creeping up. we've expected this fed move. >>> good news, shorter loans. student loans, credit cards, that kind of thing. too geeky to get into. short-term loans, those will be okay for quite some time. >>> 6:56 right now. today in north park it is safe to say the force will be with you out there. community leaders officially opening imagination park this afternoon. it includes the unveiling of a pronz statue of the always wise jedi master yoda. filmmaker george lucas donating the land to build the park in the community gathering center. that nice hat worn by indiana jones, a life size statue also being unveiled. >> i could use yoga, by the way, mice back is killing me. >> like it we do. let's check the forecast now with christina. >> we've got a good looking day shaping up. temperatures today are go
stock market isn't the economy. the economy is not the stock market. mortgage price is an issue. bond sales are falling. that pushes interest rates up, john and laura. you'll pay about $200 more a month now on a $600,000 house than a couple months ago because interest rates have been creeping up. we've expected this fed move. >>> good news, shorter loans. student loans, credit cards, that kind of thing. too geeky to get into. short-term loans, those will be okay for quite some time....
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and rising tides rising sea level and more severe storms it's also changes in political economies how do we reduce the dependency upon technologies and chemicals that put hydrocarbons into the atmosphere that create the problem to begin with we have the capacity to build communities entirely into. and of grids that would be using coal for example so if you can build communities that are producing their own food their own they're filtering their own waters their minute managing their sanitation systems and they're producing their own energy they're prepared for what's coming the communities that do not have the ability to produce locally if we had glitches in the critical infrastructure including the economic system then those populations especially in cities larger than thirty five thousand are going to be in real trouble so what are there any national i mean is anybody the national level talking about doing something about this that are absolutely i mean there are there are is a lot of discussion about how do you manage these global uncertainties so part of the discussions with the c
and rising tides rising sea level and more severe storms it's also changes in political economies how do we reduce the dependency upon technologies and chemicals that put hydrocarbons into the atmosphere that create the problem to begin with we have the capacity to build communities entirely into. and of grids that would be using coal for example so if you can build communities that are producing their own food their own they're filtering their own waters their minute managing their sanitation...
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Jun 20, 2013
06/13
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CNNW
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this is the world reacting to the economy being well enough so they can pull back sometime next year. >> can i ask a stupid question? >> what's your stupid question. >> first of all, if the economy is doing better, and we all knew the stimulus is temporary, why is this such a surprise? >> that is a great question, because this is exactly what everyone said they thought would happen, that the fed would say stimulus is going to continue, but they would give a road map for how it would be tamped down. that's exactly what happened. the nagging worries you still see in global markets. record unemployment in europe. china's factory output is the slowest in nine months. last year china's growth was the slowest in 13 years, and there's this worry that if you have no fed in the u.s., you have no growth. look how much money the fed has been pumping into the system. you have the fed's balance sheet that has exploded and you still only have 2% growth in the u.s. if you've got china slowing and the fed pulling back at the same time, what is that going to mean for markets, for investors, for intere
this is the world reacting to the economy being well enough so they can pull back sometime next year. >> can i ask a stupid question? >> what's your stupid question. >> first of all, if the economy is doing better, and we all knew the stimulus is temporary, why is this such a surprise? >> that is a great question, because this is exactly what everyone said they thought would happen, that the fed would say stimulus is going to continue, but they would give a road map for...
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Jun 15, 2013
06/13
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CNBC
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have you looked around at the world's other economies? we're doing better than everyone else on the globe, in part because our chief executive officers have done an excellent job in a global slowdown, but also because of exactly what bernanke's doing. this bond program has probably allowed you and other americans refi their home and companies fix their balance sheets, which is why we're not in the shape of china or brazil or india. can you imagine we're doing better than all of those places? tuesday we have a slew of japanese industrial production reports. we've got machine tools. we've got merchandise trade deficits. now, for years, i couldn't care less about this stuff. i could care less. i mean, really, like japan. it stopped meaning anything for a decade. these days, market players are drawn to japan because the government has a policy of driving its own currently down to build exports. if the data is positive here, japan's stock market will rocket. and if it doesn't and the government has nothing to say about it, like 6% declines lik
have you looked around at the world's other economies? we're doing better than everyone else on the globe, in part because our chief executive officers have done an excellent job in a global slowdown, but also because of exactly what bernanke's doing. this bond program has probably allowed you and other americans refi their home and companies fix their balance sheets, which is why we're not in the shape of china or brazil or india. can you imagine we're doing better than all of those places?...
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Jun 20, 2013
06/13
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FOXNEWSW
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. >> we might end it if the economy gets better. i don't believe they're really going to do this. >> steve: you don't? >> no. i don't think ben bernanke will be replaced by janet yellen who is into printing money. i think they will not allow the obama economy to rest on its own. they will keep printing money to keep this feeble economy. if you stop printing money, then all the impact of obamacare, higher taxes, all the regulations that this president has imposed, those chickens come home to roost and forget about the 3% growth. we'll have 1% growth if we're lucky. >> steve: we probably have 3% growth because of this printing of the money. >> right. >> steve: i know you don't think it will happen any time soon. but if it did happen next month what, would happen? >> if he stopped printing money next month, the market would go down to 12,000. i've been on tho thank show and i said if he keeps printing money, there is no stopping it. >> steve: you say 20,000? >> if he keeps printing, dow 20,000 in the next couple years is feasible. but
. >> we might end it if the economy gets better. i don't believe they're really going to do this. >> steve: you don't? >> no. i don't think ben bernanke will be replaced by janet yellen who is into printing money. i think they will not allow the obama economy to rest on its own. they will keep printing money to keep this feeble economy. if you stop printing money, then all the impact of obamacare, higher taxes, all the regulations that this president has imposed, those...
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Jun 17, 2013
06/13
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CURRENT
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the group of eight summit kicked off today in northern ireland, where leads over the top eight economies will discuss issues. western lea leaders will likely clash with president putin who has begun arming the syrian government. here is what president obama said after the two heavyweights met for the first time in a year today. >> obama: we do have differing perspectives on problems but we share an interest in reducing the violence ensuring that chemical weapons are neither used or they subject to proliferation, and we want to try to resolve the issue through political means if possible. >> michael: i'm wearing a tie, they are at the g-8 summit they are not just saying. it is being reported that the us and uk spied on foreign officials. president obama might have a lot to explain to his foreign counterparts this week. back at home his approval ratings are the lowest in the last year and a half. for the first time in his presidency, half of americans don't see president obama as honest and trust-worthy. here toe talk about the implications of all of this is democratic strategist peter fen
the group of eight summit kicked off today in northern ireland, where leads over the top eight economies will discuss issues. western lea leaders will likely clash with president putin who has begun arming the syrian government. here is what president obama said after the two heavyweights met for the first time in a year today. >> obama: we do have differing perspectives on problems but we share an interest in reducing the violence ensuring that chemical weapons are neither used or they...
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Jun 21, 2013
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wednesday's news that the fed will step back from quantitative easing, stop injecting money into the economy by buying up bonds. we'll continue to monitor wall street as we get the first numbers across and keep you updated. marla and jon? >> we're lucky to have you doing that. thank you. >>> house minority leader nancy pelosi back in the bay area talking about immigration reform. the congresswoman leading a roundtable discussion at the san francisco federal building. that discussion coming as capitol hill lawmakers say they are very close to working out a compromise immigration reform bill. that's major news. that bill would grant legal status to millions of people living in the u.s. illegally. it would also double the size of the border patrol and would add drone surveillance and hundreds of miles of new fencing along that u.s.-mexico border. >>> governor jerry brown is promising he will appeal a federal court's ruling that would require the state to almost immediately release thousands of california prisoners. a panel of federal judges has now ruled that the state must immediately release
wednesday's news that the fed will step back from quantitative easing, stop injecting money into the economy by buying up bonds. we'll continue to monitor wall street as we get the first numbers across and keep you updated. marla and jon? >> we're lucky to have you doing that. thank you. >>> house minority leader nancy pelosi back in the bay area talking about immigration reform. the congresswoman leading a roundtable discussion at the san francisco federal building. that...
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Jun 20, 2013
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it is the world's second largest economy. it is a fact and this sounds familiar for all of us in the united states, they have a shadow banking system there. just thinks of trillions of dollars of loans, that are shams built on a foundation of lies. the central bank has essentially created a liquidity crunch. it is hard to borrow money in china and that has investors worried about keeping growth in china is difficult. that's the reason you saw the selloff here in the united states. >> we reported on the volatileitty. it was the 10th day in the past month in which the dow moved more than 200 points in one session. prior to that it happen four times in one year. >> the bank and lenders and uncle sam were not the only players in the stock market collapse. bombshell e-mails reportedly she how two credit rating agency exchanged cash in green lights for risky practices that got us in this mess. it is a report in rolling stone magazine. they rate the credit of the big cooper rayings of the country and united states and anything that
it is the world's second largest economy. it is a fact and this sounds familiar for all of us in the united states, they have a shadow banking system there. just thinks of trillions of dollars of loans, that are shams built on a foundation of lies. the central bank has essentially created a liquidity crunch. it is hard to borrow money in china and that has investors worried about keeping growth in china is difficult. that's the reason you saw the selloff here in the united states. >> we...
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Jun 21, 2013
06/13
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and it comes back to the economy. and if the sequester cuts are not done effectively and accurately, it's going to affect us on the streets where main street lives. >> so this may be an area where republicans and democrats, mayors from across the country will agree this weekend, but what can you all do about it? i mean, what kind of influence can you have? what can you accomplish with this meeting? >> well, i think congress listens to what mayors have to say, but, you know, congress is not necessarily a functional legislative body to begin with. so sometimes on some issues, i'm not sure our voices is as loud as it could be or received as loudly as it should be. but, you know, people live in cities. and i think they look at city government right now as being stronger and stronger and a more vital part of our economy than ever before. cities are where the jobs are being created. it's where the growth in our national economy is going to have to take place in we are going to continue to build this country. >> and finally,
and it comes back to the economy. and if the sequester cuts are not done effectively and accurately, it's going to affect us on the streets where main street lives. >> so this may be an area where republicans and democrats, mayors from across the country will agree this weekend, but what can you all do about it? i mean, what kind of influence can you have? what can you accomplish with this meeting? >> well, i think congress listens to what mayors have to say, but, you know, congress...
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Jun 22, 2013
06/13
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reforming our immigration would reduce our deficit a trillion dollars the next two decades and boost our economy by more than 5% in part because of businesses created, investments made, and technologies created by immigrants. >> that was president obama this morning in his weekly address. democrats and republicans unveiled a new amendment that includes $30 billion, 20 additional border agents and new drone technology. joining me now wanda summers and congressional reporter ed o'keefe. thanks for joining me. >> good morning, alex. >> ed, i was reading about immigration reform. $30 billion is a lot of money to secure the border. but will it actually accomplish that? >> that's the big question. i spent time talking to folks who represent communities along the border who work with a lot of these immigrants communities. they say they're very concerned that basically doubling the the size of the u.s. border control really could militaryize sections of it. there's concern that if you're hispanic, there are suspicions of people crossing, they might seek out people in illegal or wrong fashion. we will se
reforming our immigration would reduce our deficit a trillion dollars the next two decades and boost our economy by more than 5% in part because of businesses created, investments made, and technologies created by immigrants. >> that was president obama this morning in his weekly address. democrats and republicans unveiled a new amendment that includes $30 billion, 20 additional border agents and new drone technology. joining me now wanda summers and congressional reporter ed o'keefe....
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Jun 21, 2013
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after the federal reserve says it will scale back from its bond buying program later this year if the economy continues to improve. the sell-off wiped out almost two months of gains and is making some investors nervous. >> my heart sunk and i'm retired and i have my money left in that and i'm going, oh, please don't let me have to get a job in retirement because my money is gone. >> reporter: analysts say the feds pulling back is no surprise. they have to, or risk rising inflation. but it's a tricky dance. >> when we see the stock market pull back our 401(k) accounts don't look good in the next month, perhaps we won't make the consumer purchases we have been making, it may make people think twice about buying homes as interest and mortgage rates go up. it's a delicate balance. that's what the fed is trying to do right now. >> reporter: more volatility is expected ahead. still, some investors look at it as a time to buy stocks. >> as usual, these are the opportunities usually for the people who might have missed out on some of the rallies, not jumping in with both feet but stay rational and lo
after the federal reserve says it will scale back from its bond buying program later this year if the economy continues to improve. the sell-off wiped out almost two months of gains and is making some investors nervous. >> my heart sunk and i'm retired and i have my money left in that and i'm going, oh, please don't let me have to get a job in retirement because my money is gone. >> reporter: analysts say the feds pulling back is no surprise. they have to, or risk rising inflation....
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Jun 20, 2013
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after a two-day policy meeting wednesday the fed updated the outlook for the economy and bernanke said that's why the fed will most likely slow down its stimulus program. >> the committee currently anticipates it would be appropriate to moderate the monthly purchases later this year and if the subsequent data remain broadly aligned with current expectations for the economy, we would continue to dries the pace of purchases in measured steps through the first half of next year, ending purchases around mid-year. >> bernanke also expects the unemployment rate to fall to 6.8% by the end of 2014. on wall street bernanke's words spooked investors. the dow dropped 206 points and the nasdaq fell 31 points. >>> tokyo's nikkei dropped nearly 2%. hong kong's hang seng lost nearly 3%. >>> well, the irs is caught in another controversy. the agency says it's has to pay $70 million in union bonuses. some republicans want the irs to follow a white house directive and cancel them. in april the obama administration ordered all agencies to stop handing out bonuses bought of automatic spending cuts. >> and
after a two-day policy meeting wednesday the fed updated the outlook for the economy and bernanke said that's why the fed will most likely slow down its stimulus program. >> the committee currently anticipates it would be appropriate to moderate the monthly purchases later this year and if the subsequent data remain broadly aligned with current expectations for the economy, we would continue to dries the pace of purchases in measured steps through the first half of next year, ending...
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Jun 19, 2013
06/13
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. >> this, in turn come a ways on the economy as a whole. can you explain how the cfpb has approached this critical issue. >> i would prefer that in our office. we handle our student loan initiatives and i would say that it is one of the areas that we are very proud of in terms of the activities that we have proceeded with. but he is much more adept at answering those questions. >> thank you. going back to the financial question is part of my colleagues. they have argued that the cfpb should be subject to ensure greater accountability for the agency. this is despite the fact that congress has consistently provided for independent funding for other bank regulators. in your own personal view, can you tell me how likely you could explain why congress gave all the bank regulators independent funding, and to what extent is it important for a regulator with responsibility for examining large institutions with stable and consistent funding. >> congressman, i think that your last point is the point that having that stable funding allows us to focus
. >> this, in turn come a ways on the economy as a whole. can you explain how the cfpb has approached this critical issue. >> i would prefer that in our office. we handle our student loan initiatives and i would say that it is one of the areas that we are very proud of in terms of the activities that we have proceeded with. but he is much more adept at answering those questions. >> thank you. going back to the financial question is part of my colleagues. they have argued that...
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Jun 21, 2013
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. >> i'm sorry, this actually never happened to me. >> you know what that is? that is payback, cooper. >> that is going to follow me to my grave. >> he ordered that specifically. you know that. >> i was proud of you in that moment. i watched it live on television. anderson cooper here, ladies and gentlemen. here on "new week." great way to end. we have john berman here with what he learned on the internets. anderson cooper edition. >> you were tasked with just looking stuff up. >> this is like the easiest project ever. things have gone well for me here at cnn. >> this must be a career high point for you. >> indeed, it is. >> he is stalling. don't let him stall you. >> there were 1.2 million hits of that video of you giggling. that's huge on the internet. also big, you k
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. >> i'm sorry, this actually never happened to me. >> you know what that is? that is payback, cooper. >> that is going to follow me to my grave. >> he ordered that specifically. you...
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Jun 20, 2013
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economy. it's like when the fed used to have an interest rate where they could go one percent and cut another half percent. this is a move like one percent to half percent cuts. the calibration of policy that is making it difficult for people to understand, i think it's like watching the sausage being made. too much information and too much uncertain stay. that said, this is a fed that's also given us an insurance policy. if the economy were to falter, they would increase again if they had to their purchases of large scale as purchase of treasury bonds and mortgage backed securities. >> diane, what do you make of these trends, gold prices going down and interest rates rising. what do you make of that? >> i think they go in contrast to what people would think. we do have inflation decelerating. the gold buy had been one where people were trying to protect themselves somehow by buying gold like my grandmother did when she sewed it into her clothes coming to ellis island. this is an idea that inf
economy. it's like when the fed used to have an interest rate where they could go one percent and cut another half percent. this is a move like one percent to half percent cuts. the calibration of policy that is making it difficult for people to understand, i think it's like watching the sausage being made. too much information and too much uncertain stay. that said, this is a fed that's also given us an insurance policy. if the economy were to falter, they would increase again if they had to...
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Jun 20, 2013
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we want the economy to get better. the problem is, is that the quantitative easing has at some point got to go away. >> what they call the stimulus. kr yeah. winding down on that. >>> two big stories. of course, you see the dow which has to deal with your wallet. then the story people have been following here for a year now. just a little bit more information before we go to break here. as i said, jury has been selected in the george zimmerman trial. just to tell you about this jury, it's a six-person jury to hear the case of george zimmerman. it's been chosen. it consists of six women, we are told. there are no men. no men on this jury. four of them are white, one is black. the race of the only woman -- the race of the one lady is unknown. we're not exactly sure what it is. again, four white, one black. i'm not exactly sure of one. four alternates being chosen right now. more on this developing story when we come right back. i don'without goingcisions to angie's list first. with angie's list, i know who to call, and i
we want the economy to get better. the problem is, is that the quantitative easing has at some point got to go away. >> what they call the stimulus. kr yeah. winding down on that. >>> two big stories. of course, you see the dow which has to deal with your wallet. then the story people have been following here for a year now. just a little bit more information before we go to break here. as i said, jury has been selected in the george zimmerman trial. just to tell you about this...
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Jun 16, 2013
06/13
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they're against it on the economy. they're against it in terms of their protection in civil liberties. this is a new moment in american politics. >> let me just say, gregg, doug a democrat with bill clinton, pat with a democrat with a lot of people going back to jimmy carter and i'm a conservative republican. we've come together realizing what we share is that the political machine in america is completely corrupt and completely -- >> it's broken. >> and it has to be changed. >> by people throwing it all out. >> ben rhodes, an assistant national security advisor, not technically nsa, only reportable to the president who actually broke the news about syria and it wasn't much news. gentlemen, thank you very much. our political insiders, you can catch them every monday at 10:30 a.m. eastern live. they'll of course be back here next sunday. also, follow them on twitter. heather. >>> well, did you forget to grab dad a gift this father's day? it's not too late. coming up, we will tell you about the perfect gift that is guara
they're against it on the economy. they're against it in terms of their protection in civil liberties. this is a new moment in american politics. >> let me just say, gregg, doug a democrat with bill clinton, pat with a democrat with a lot of people going back to jimmy carter and i'm a conservative republican. we've come together realizing what we share is that the political machine in america is completely corrupt and completely -- >> it's broken. >> and it has to be changed....
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Jun 23, 2013
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that is the new norm in our economy. the caller is exactly right, you give legal status to 11 million people and you bring in all of these low skilled immigrants in the future, you are going to drive down the wages of the least skilled american workers. many of them are simply leaving to work force entirely, being pushed out by immigration. this bill will make that even worse. increases in income for everybody. in the united states right now, immigrants do not have job opportunities. if this is allowing people to come here and allowing americans to hire the people they want to hire going forward. it is remarkable that we have a supposedly free-market think- tank over your arguing that the government's job is to control the flow of production that american employers want to hire and the american economy demands simply because of some sort of central planning and nostalgic. guest: the government's job is to determine who the citizens of united states will be guarded item that there is anyone who wants to grant citizenship
that is the new norm in our economy. the caller is exactly right, you give legal status to 11 million people and you bring in all of these low skilled immigrants in the future, you are going to drive down the wages of the least skilled american workers. many of them are simply leaving to work force entirely, being pushed out by immigration. this bill will make that even worse. increases in income for everybody. in the united states right now, immigrants do not have job opportunities. if this is...
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Jun 20, 2013
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. >> he said the economy is getting better, that means the fed will stop all the stimulus. not right now but eventually. dow futures down 80 points, big sell-off yesterday, the dow, nasdaq, s&p all swooning by more than 1%. the dow was down 206 points. fed reserve chairman ben bernanke said the fed was prepared to "taper" its purchases of bonds as the economy improves. he signaled the stimulus program could end by next year, that could raise your borrowing costs, you would feel it. >>> a stunning turnaround for general motors for the first time j.d. power and associates says gm is the car company with the best quality. all four gm brands were ranked above the industry average. gm filed for bankruptcy back in 2009 so this is a milestone for general motors. >>> a faster version of wifi is on the way t will allow to you transfer, imagine this, a high definition movie to a tablet in less than four minutes. the samsung galaxy s4 and routers from cisco will be among the first to use this new high speed wifi. apple says its future products will use the faster network, full movie,
. >> he said the economy is getting better, that means the fed will stop all the stimulus. not right now but eventually. dow futures down 80 points, big sell-off yesterday, the dow, nasdaq, s&p all swooning by more than 1%. the dow was down 206 points. fed reserve chairman ben bernanke said the fed was prepared to "taper" its purchases of bonds as the economy improves. he signaled the stimulus program could end by next year, that could raise your borrowing costs, you would...
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Jun 20, 2013
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. >> and as cnn poll shows nearly two-thirds of americans rate the current economy as before. the poll also indicates a positive trend: the number of those who rate the economy as good as ground steadily since the end of last year-up nearly 10% from last december. overall, optimism that the economy will improve is split almost down the metal. 50 percent predict they will be better off a year from now, 49 percent say things will get worse. >> if you think about starting a business, calif. just might be the state for you. according to the kaufman index of entrepreneurial activity and a list of 10 states saw more start of activity than anywhere else nationwide. here is a look of the top 5- montana, vermont, new mexico, alaska, and mississippi. coming in at no. 6 is california. in 2012, the state had a starting rate of 410 per 100,000 adults. the coffin index says that california has major advantages including a strong talent base, an estimatestablished network of venture-capital, a big consumer market, and top not to private and state research schools. a government analyst says t
. >> and as cnn poll shows nearly two-thirds of americans rate the current economy as before. the poll also indicates a positive trend: the number of those who rate the economy as good as ground steadily since the end of last year-up nearly 10% from last december. overall, optimism that the economy will improve is split almost down the metal. 50 percent predict they will be better off a year from now, 49 percent say things will get worse. >> if you think about starting a business,...
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Jun 18, 2013
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florida will lose jobs and our economy will suffer. but this will impact all americans because if florida isn't growing oranges, you won't be putting orange juice on your table. if we want to have a safe and abundant food supply, we need to pass the farm bill. the speaker pro tempore: for what purpose does the gentlewoman from washington seek recognition? >> address the house for one minute. the chair: without objection. ms. herrera beutler: i rise today to bring attention to the dredging of our nation's small ports. my tical issue and in district and this is a jobs issue in my region and for those long waterways throughout our nation. the issue is this, ports are lifelines across the river and pacific coast in my district and they are being choked off by lack of maintainance to dredging. one of my local newspapers commented if a farmer was unable to ship his wheat because a road became impassable, the federal government would rightly fix this issue immediately. it is no different for the dire circumstances facing our nation's navigabl
florida will lose jobs and our economy will suffer. but this will impact all americans because if florida isn't growing oranges, you won't be putting orange juice on your table. if we want to have a safe and abundant food supply, we need to pass the farm bill. the speaker pro tempore: for what purpose does the gentlewoman from washington seek recognition? >> address the house for one minute. the chair: without objection. ms. herrera beutler: i rise today to bring attention to the dredging...
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>> do you think they're overestimating the strength of the economy? >> it's hard to say. there is very good evidence because the housing market has gotten some momentum. the auto sector is doing well. weep we've had steady if not strong gains in jobs. there was also a perception, a the fed is often kind of overestimated how strong the economy is going to be in the past couple of years. and also there was sort of a sense that ben bernanke the chairman, had an opening to be much more soothsing because inflation remains very low and he could have had an out by saying the sequester means the government is not helping the recovery out. >> the reason the average consumer should be interested in this is because it affected interest rates. >> it already has. we've already probably seen the lows in mortgage rates for the time being. so yes, that's the most immediate impact. >> the idea behind it on terms of what bernanke had said was he wanted to use the fed to reduce unemployment levels. >> that's right. >> did it work? >> well, it has worked. in the sense th
>> do you think they're overestimating the strength of the economy? >> it's hard to say. there is very good evidence because the housing market has gotten some momentum. the auto sector is doing well. weep we've had steady if not strong gains in jobs. there was also a perception, a the fed is often kind of overestimated how strong the economy is going to be in the past couple of years. and also there was sort of a sense that ben bernanke the chairman, had an opening to be much more...
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Jun 21, 2013
06/13
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the 350-point plunge comes just as the government says the economy is getting better. everything from housing to jobs, to consumer spending, all showing improvement. so, why would wall street run scared from such good news? experts say, it's all because fed chair ben bernanke, basically our country's banker in chief, now wants to take the training wheels off our economy. saying because things are looking up, it's time to dial back on trillions of dollars the fed's been pouring into the markets. >> we've had training wheels on for quite some time now. and now, we're getting word that they're going to have to come off slowly. and we have to see if we can ride this bike on our own. >> reporter: but riding without that help means the cost of borrowing money to do everything from buying a house to starting a business is going up. and that spooks the stock market. and staying on that training wheels theme, traders here on wall street aren't afraid we're going to crash into a wall when the wheels come off. what they're concerned about is things could get wobbly. that means un
the 350-point plunge comes just as the government says the economy is getting better. everything from housing to jobs, to consumer spending, all showing improvement. so, why would wall street run scared from such good news? experts say, it's all because fed chair ben bernanke, basically our country's banker in chief, now wants to take the training wheels off our economy. saying because things are looking up, it's time to dial back on trillions of dollars the fed's been pouring into the markets....
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Jun 20, 2013
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the economy is expected to grow by at least 3% next year. unemployment could drop as low as 6.5% by next year. it's all looking like better news. but on the flipside, interest rates are moving higher, which means that the cost of buying a home or buying even a car could go up. so, take a look at this. every time that mortgage rates go up just 1%, the cost of buying a home gets 10% more expensive. that could deter a lot of buyers. and of course, higher interest rates, they do benefit some people like savers and retirees living off bank accounts and cds. so, it's some good news for those living on a fixed income, josh. >> indeed it is. rebecca jarvis, thank you for that. >>> we're going to turn to the firefight in the west. at last check, that fast-moving wildfire north of phoenix is 0% contained. you see pictures of it there. nearly 500 homes are threatened. and another wildfire has erupted in colorado. this one southwest of denver. those hot and windy conditions are fueling the flames. sam's forecast coming up in a bit. >>> and finally, a wi
the economy is expected to grow by at least 3% next year. unemployment could drop as low as 6.5% by next year. it's all looking like better news. but on the flipside, interest rates are moving higher, which means that the cost of buying a home or buying even a car could go up. so, take a look at this. every time that mortgage rates go up just 1%, the cost of buying a home gets 10% more expensive. that could deter a lot of buyers. and of course, higher interest rates, they do benefit some people...
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Jun 18, 2013
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you are looking at some of the most vulnerable people in our economy today. a cut, it is just not a cut of an increase. it would cut the program back -- back. which in my view at this time is a very difficult economy and food stamps -- you'll take my word and take a look at literature about how food stamps has helped people get out of poverty. why would we want people to fall back into it? we've had the highest rate of poverty that we have had in the united states today. host: democrat representing the third district on her 12 term. she served as ranking member on health and labor services and also served on the committee of agriculture, rural develop and and the fda. our next caller is bob in virginia democrat. caller: hi, i just said i strongly agree, she talks about spending priorities. if president obama would immediately cancel this 100 might tell her trip to africa, we could take all of that money and feed all of the hungry children in america. guest: guest: guest: well sir that is your point of view, we believe in the global economy today and we have i
you are looking at some of the most vulnerable people in our economy today. a cut, it is just not a cut of an increase. it would cut the program back -- back. which in my view at this time is a very difficult economy and food stamps -- you'll take my word and take a look at literature about how food stamps has helped people get out of poverty. why would we want people to fall back into it? we've had the highest rate of poverty that we have had in the united states today. host: democrat...
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Jun 18, 2013
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i think we are in a tough economy at the moment. unemployment is at 7.5%, people have watched their wages go down and their incomes are not increasing. people today using food stamps thought they would never have to use a program to allow them to help to feed their families. we can take a look at restructuring but i do not believe the benefit level should be dropped. caller: thank you for taking my call, let me get the straight. you want to raise our health care, you want to make more money for healthcare and you want to give a program -- that we should trust you, that we should believe that you will restructure it. you know people are taking advantage of this program. host: are you talking about food stamps? caller: yes. when you think this money is coming from? guest: thank you for calling, i appreciate the call. i disagree with your premise. lately, you are saying that with the affordable care act we are moving into the invitation of the program, but already you are looking at places like california, vermont, oregon, and other st
i think we are in a tough economy at the moment. unemployment is at 7.5%, people have watched their wages go down and their incomes are not increasing. people today using food stamps thought they would never have to use a program to allow them to help to feed their families. we can take a look at restructuring but i do not believe the benefit level should be dropped. caller: thank you for taking my call, let me get the straight. you want to raise our health care, you want to make more money for...
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Jun 19, 2013
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warren: i agree with senator baucus that trade issues are powerfully important to our economy. they involve public policy issues that range from jobs to the internet. many people are interested in following our trade policies and they need to have enough information to be able to offer real input into the process. i think the trade representative needs to be committed to transparency and democracy. last week i asked mr. froman if he would commit to making public the bracketed text for the trance pacifitrance pa -- transc partnership. i asked him to provide more information about what trade advisors were receiving what information. each request that i made about commitment to public revealing information, he answered with a "no." so i rise to repeat my opposition to mr. froman's nomination as the next u.s. trade representative. we need a new direction from the trade representative, a direction that prioritizes transparency and public debate. i urge a "no" vote. mr. hatch: mr. president? the presiding officer: the senator from utah. mr. hatch: mr. president, i've seen a lot of pe
warren: i agree with senator baucus that trade issues are powerfully important to our economy. they involve public policy issues that range from jobs to the internet. many people are interested in following our trade policies and they need to have enough information to be able to offer real input into the process. i think the trade representative needs to be committed to transparency and democracy. last week i asked mr. froman if he would commit to making public the bracketed text for the...
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Jun 23, 2013
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, gdp growth or the economy. what this is reminding us, you can have all the growth you want but if it's not equitably distributed, then a lot of families end up falling behind even as the economy improves. it's sort of like the economy is doing well except for the people in it. how does that happen? it has a lot to do with who has bargaining power, low levels of unionization, it has to do with the fact that some of the jobs out there are return high levels of wages and incomes to people with the highest levels of skills. so some folks are getting less behind. it has to do with the trade deficit. so really many different kind of perpetrators on the inequality story. >> what do you do about that? how do you make sure that people who are on the lower end of the economic spectrum get some prosperity as well? >> the solution is a lot simpler than i think a lot of people think. if the unemployment rate is very, very low, something we haven't seen for a while, what you find is that employers have to bid up the wages an
, gdp growth or the economy. what this is reminding us, you can have all the growth you want but if it's not equitably distributed, then a lot of families end up falling behind even as the economy improves. it's sort of like the economy is doing well except for the people in it. how does that happen? it has a lot to do with who has bargaining power, low levels of unionization, it has to do with the fact that some of the jobs out there are return high levels of wages and incomes to people with...
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Jun 22, 2013
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tough economy, we're talking about jobs in the state here. you're talking about somebody who molloy has made clear he might have his eye on the national stage a little bit. he has to get by in 2014. how does this issue affect him with perry coming in and maybe losing gun jobs a little bit. >> it's a choice he's going to have to make. between jobs and votes, really. when it comes down to it. i think he wins on the vote side. the national attention on this issue and at least in the northeast, perry will be vilified. i would love to see him meet up with chris christie. >> nobody is going to say that this year. >> it's a delicate balance that he's going to have to walk. i'm sure the nra is going to be going after him should some of these manufacturers leave. so, it's clearly an important calculation for perry to strengthen his national credential. ultimately i think molloy will be fine because he'll be fine on this issue and he'll bet support from around the country. >> i wonder how the et voers in connecticut would feel about it because the econ
tough economy, we're talking about jobs in the state here. you're talking about somebody who molloy has made clear he might have his eye on the national stage a little bit. he has to get by in 2014. how does this issue affect him with perry coming in and maybe losing gun jobs a little bit. >> it's a choice he's going to have to make. between jobs and votes, really. when it comes down to it. i think he wins on the vote side. the national attention on this issue and at least in the...